Crude oil prices made a 1% gain in Monday’s trading despite growing concerns about slower growth in major economies. At the same time, Oklahoma energy stocks suffered losses.
West Texas Intermediate crude gained 72 cents or 1% to $74.11 a barrel on the New York Mercantile Exchange. WTI earlier hit a high of $74.41 a barrel.
Global benchmark Brent crude for March delivery managed a 72 cent increase to $74.11 a barrel on ICE Futures Europe. Brent crude for April delivery went up $1.05 or 1.3% to $80.99 a barrel.
March natural gas rose 5 cents to $2.46 per 1,000 cubic feet.
It was a weak Monday for most Oklahoma energy stocks including PHX Minerals with a nearly 5% loss, Magellan Midstream at nearly 4% and Ovintiv at 3%.
APA Corp. (Apache) (APA) down 0.02 at 42.02 – change 0.05%
Cheniere (LNG) up 0.91 at 148.35 – change 0.62%
Chevron (CVX) up 0.19 at 169.64 – change 0.11%
ConocoPhillips (COP) down 0.62 at 107.49 – change 0.58%
Diamondback Energy (FANG) down 1.28 at 137.12 – change 0.93%
Energy Transfer LP (ET) up 0.01 at 12.98 – change 0.03%
Enterprise Products Partners (EPD) up 0.01 at 25.82 – change 0.03%
EOG Resources (EOG) down 0.79 at 123.83 – change 0.64%
ExxonMobil (XOM) down 0.19 at 111.73 – change 0.17%
Kinder Morgan (KMI) down 0.11 at 18.17 – change 0.61%
Marathon Oil Corp. (MRO) down 0.24 at 25.79 – change 0.93%
NOV Inc. (NOV) up 0.10 at 23.37 – change 0.42%
Occidental Petroleum (OXY) up 0.31 at 61.55 – change 0.50%
Phillips 66 (PSX) down 0.73 at 98.08 – change 0.74%
Pioneer Natural Resources (PXD) up 1.60 at 218.40 – change 0.73%
Tellurian Inc. (TELL) down 0.05 at 1.88 – change 2.60%
Valero (VLO) down 3.64 at 128.09 – change 2.77%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.39 at 92.50 – change 0.42%
CenterPoint (CNP) up 0.13 at 29.33 – change 0.44%
Entergy (ETR) up 0.75 at 108.83 – change 0.69%